Tag Archives: Interest rates

According to the RE/MAX National Housing Report for February 2023, the median sales price experienced a slight rise over January, ending a seven-month streak of price declines.

Even with a recession in the forecast, the economy appears to be an unexpectedly good place to start off the year according to Fannie Mae.

“Housing affordability is the result of the tug-of-war between purchasing power, which is the product of household income and mortgage rates, and nominal house price growth,” said First American Economist Ksenia Potapov.

A new Redfin report revealed that after Sacramento and Las Vegas, Miami was the most popular migration destination in Q4, followed by Tampa and Phoenix.

With 80% of millennial homebuyers in debt, a new study from Real Estate Witch revealed more than 90% cited inflation as impacting their homebuying plans, as many remain unable to afford downpayments and mortgage payments.

According to First American’s Potential Home Sales Model for November 2022, potential existing-home sales increased to a 5.24 million seasonally adjusted annualized rate, representing a 2.5% month-over-month increase.

Redfin reports that the luxury and investment home market has slid 38.1% year-over-year, due to lingering inflationary concerns, high interest rates, and fears of a recession.

According to the Consumer Financial Protection Bureau, a new analysis of nearly half a million complaints reveals ongoing challenges, as TransUnion, Experian, and Equifax top the list of complaints.

According to a new Redfin analysis, a projected 3% of pandemic homebuyers could fall underwater with next year’s estimated 4% home price decline, with metros such as Sacramento and Phoenix at a higher risk.

New data from Redfin’s Homebuyer Demand Index showed that on average, some 6% of homes for sale each week had a price drop, down sharply from 7.5% in November and up nearly 3% from a year earlier.